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Jan 21, 2013
01/13
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that, of course, the first lady of the united states, michelle obama. she has changed her hairstyle. there will be a twitter poll about this i'm sure if there isn't one already. she's obviously a style icon, and her haircut. >> thank you very much. her haircut is getting more attention in this town than just about anything else. >> if i could say something, i'm going to watch her more closely than anybody today, because i really believe that to the extent the obamas in some respects are mirroring the clintons, i think her next move may be to move for the senate in illinois in 2016. >> some people have said that -- >> i would bet a lot of money that that will never happen. >> you will? >> is that right? >> i was just in chicago. a lot of people are betting on it. mark kirk will be up, and he was a great senator, but he's had a stroke. >> he's had a stroke and was incapacitated and just returned as they swore in the new senate three weeks ago and walked up the steps in a show -- >> full disclosure, i didn't think hillary clinton was going to run for the s
that, of course, the first lady of the united states, michelle obama. she has changed her hairstyle. there will be a twitter poll about this i'm sure if there isn't one already. she's obviously a style icon, and her haircut. >> thank you very much. her haircut is getting more attention in this town than just about anything else. >> if i could say something, i'm going to watch her more closely than anybody today, because i really believe that to the extent the obamas in some respects...
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Jan 23, 2013
01/13
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it is the eastiest connection i've ever made. >> i will go to the united as in the united states of america. we are all part of the american fabric and the president was laying out a vision that accounted for everybody. he was very focused on equal opportunity to the point where he was talking about equal rights. words taken from the constitution. the elements that are criticizing the president, it is civil rights rhetoric. they are the same republicans that would be criticizing jfk for dividing the republican ares back in the 1960s when they were trying to pass voting rights. >> they were democrats. >> there is one big challenge. reagan had reagan democrats and there is almost non existent in this country right now. and i think the way that he went through this address in a confrontational way sets up barriers for him. that was something that reagan was fantastic about. right now, obama has fractured capitol hill that not much is getting done. that is the challenge. >> we have to get out of here. he says the shrinking few do well while the growing group have trouble making it. and it isn't
it is the eastiest connection i've ever made. >> i will go to the united as in the united states of america. we are all part of the american fabric and the president was laying out a vision that accounted for everybody. he was very focused on equal opportunity to the point where he was talking about equal rights. words taken from the constitution. the elements that are criticizing the president, it is civil rights rhetoric. they are the same republicans that would be criticizing jfk for...
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Jan 18, 2013
01/13
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not just to unite the republican conference. but more importantly, it's essential to helping the economy grow more rapidly. and if the republicans don't get it done, i'll say this. they may lose the house in 2014. so let's talk with karen finney. who's a columnist for the hill and former dnc communications director. and hadley heath, senior policy analyst at the independent women's forum. hadley, this paul ryan, he went out and met with reporters. republicans are in the retreat down in williamsburg, virginia. maybe they'll use a short term increase in the debt ceiling maybe three months or six months. is that the point? how does that inform you? does that get to the heart of the matter? >> it certainly doesn't get to the heart of the matter. if we remember back in 2006 then senate obama said raising the debt limit is a sign of leadership failure. since he has been in office we have raised it six times. i believe we'll do it again. but it's spending cuts, we have to have responsible reductions in spending as soon as possible. >>
not just to unite the republican conference. but more importantly, it's essential to helping the economy grow more rapidly. and if the republicans don't get it done, i'll say this. they may lose the house in 2014. so let's talk with karen finney. who's a columnist for the hill and former dnc communications director. and hadley heath, senior policy analyst at the independent women's forum. hadley, this paul ryan, he went out and met with reporters. republicans are in the retreat down in...
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Jan 11, 2013
01/13
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the united states dropped for the fifth consecutive year. it is now at its lowest point since 2000, mainly as a result of monetary excess business overregulation, labor overreach, and the whole fiscal mess. by the way, while we ranked tenth, canada was sixth. you'd think team obama would learn something about free market economics from our northern neighbors. but it's doubtful. later on in the show, the fabulous film lincoln has just been nominated for more academy awards than any other movie this year. i believe lincoln will win most of them because it shows abe lincoln defeating a dysfunctional congress over a huge issue, namely the 13th amendment to abolish slavery. it can be done, but you need a genius like lincoln and that's why the film is going to win everything. we'll be right back. i'm larry kudlow. >> we can't tell our people they can vote yes on abolishing slavery unless at the same time we could tell them that you're seeking a negotiated peace. >> it's either the amendment or this confederate peace, you cannot have both. >> how m
the united states dropped for the fifth consecutive year. it is now at its lowest point since 2000, mainly as a result of monetary excess business overregulation, labor overreach, and the whole fiscal mess. by the way, while we ranked tenth, canada was sixth. you'd think team obama would learn something about free market economics from our northern neighbors. but it's doubtful. later on in the show, the fabulous film lincoln has just been nominated for more academy awards than any other movie...
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Jan 29, 2013
01/13
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in fact, two weeks later, he was still saying it to the united nations. okay. that was his narrative. on the other hand, the cia, and some people in the state department said immediately this was a planned terrorist attack and al qaeda is back. don't tell us al qaeda is dead the way mr. obama tried to do. to me, it's that simple. why couldn't he go, a, b, the right narrative and isn't it true that al qaeda's back and your whole argument is wrong? >> well, there's two things. one, this was clearly just a promotional tour by obama. it was -- it's unclear whether they had seen the questions ahead of time or not. but there was one question -- >> you think they showed him the questions ahead of time. that's a significant charge. i've interviewed presidents on a number of occasions and i never would even think about showing them the questions. >> the reason why -- >> you think steve croft and "60 minutes" showed the questions? >> the reason i say that, at one point when obama's asked one of these tough questions, hillary's watching him with a smirk on her face waitin
in fact, two weeks later, he was still saying it to the united nations. okay. that was his narrative. on the other hand, the cia, and some people in the state department said immediately this was a planned terrorist attack and al qaeda is back. don't tell us al qaeda is dead the way mr. obama tried to do. to me, it's that simple. why couldn't he go, a, b, the right narrative and isn't it true that al qaeda's back and your whole argument is wrong? >> well, there's two things. one, this was...
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Jan 24, 2013
01/13
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i don't see anything in the keystone good for the united states. >> i think the facts are wrong. i want to give you a shot at it, that china will control the industry and gasoline prices will be higher. i would think the improvement in the pipeline, getting it to refineries will make prices lowers. those are tyson's opening remarks. are they true or false? >> larry, you're right and tyson is wrong. shipping more oil from the canadian oil sands to the gulf will help the refineries down there, which are faced with lower and lower supplies from venezuela. the heavy oil in venezuela is similar to the heavy oil produced by the oil sands. so this will help. and tysons seems to think it's a bad thing. if we get the oil, that's great for the american economy and canadian economy. the oil will still be bought and sold in a global market and chan is -- china is a part of that, as is the united states. building the pipeline will help the america economy. >> tyson, you're trying to cover up your basic argument, which is you hate fossil fuel and want to stop this at almost all cost. today we
i don't see anything in the keystone good for the united states. >> i think the facts are wrong. i want to give you a shot at it, that china will control the industry and gasoline prices will be higher. i would think the improvement in the pipeline, getting it to refineries will make prices lowers. those are tyson's opening remarks. are they true or false? >> larry, you're right and tyson is wrong. shipping more oil from the canadian oil sands to the gulf will help the refineries...
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Jan 9, 2013
01/13
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officials say that the fire was the more serious unit. and they do not believe that this will ground the dream liner fleet. larry? >> all right. many, many, thanks we appreciate the update. by the way, it is becoming a stock market story. boeing stock shares fell. switching gears now. the debt ceiling may expire as early at february 15th. so, i want to know, if republicans are still embar ked on a government shut down no debt ceiling hike ckamakze mission. if the gop keeps talking about a shutdown and no debt ceiling. this is a mission of the first reign. >> i think it s considering that the white house has said repeatedly including today. that president obama is not willing to negotiate with the debt ceiling at all. but you do have senator mitch mcconnell coming out over the weekend saying that he is not all the way for a government shut down but it might be on the table. you have ted cruz saying that it may lead to less spending and more reform. he credited well welfare reform comparing it to the 1990s. >> i don't know your they don't j
officials say that the fire was the more serious unit. and they do not believe that this will ground the dream liner fleet. larry? >> all right. many, many, thanks we appreciate the update. by the way, it is becoming a stock market story. boeing stock shares fell. switching gears now. the debt ceiling may expire as early at february 15th. so, i want to know, if republicans are still embar ked on a government shut down no debt ceiling hike ckamakze mission. if the gop keeps talking about a...
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Jan 19, 2013
01/13
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. >> passing a budget or not doesn't threaten the default of the united states government. it doesn't threaten the ability to operate the government. those are fundamentally different issues. i don't think the american people care whether the senate has passed a budget because it doesn't have any impact on the government's operations. >> it does force, if the senate ever passes a budget, it does force them to come out and say this is what our values system says we want to spend money on right now. if they want to increase spending that's very politically unpopular and they're going to have to own that. but to your point and to your point and everybody's point, republicans don't ever want to say they want to cut anything specifically and they're kicking that down the road another three months at least. >> can i just say, i could buy into your opening salvo that the republicans are being clever in some respects. no government shutdown. no debt ceiling default. okay. but mark, the problem i have is they refuse to talk about the across-the-board automatic spending cuts in the s
. >> passing a budget or not doesn't threaten the default of the united states government. it doesn't threaten the ability to operate the government. those are fundamentally different issues. i don't think the american people care whether the senate has passed a budget because it doesn't have any impact on the government's operations. >> it does force, if the senate ever passes a budget, it does force them to come out and say this is what our values system says we want to spend...
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Jan 4, 2013
01/13
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congress to pass, it is not entrusted to the president of the united states. if president obama wants to change the immigration laws he should come down to congress and he should push for immigration reform. he should not attempt to unilaterally change the law, violate the law and violate the constitution. >> because last summer as you know very well, he waived deportation of the young kids who were brought in illegally. >> right. >> but doesn't the republican party have to deal with this in a more positive, constructive way? not just language and rhetoric, sir, as you have done so successfully in texas. but changing its own national policy on immigration? >> there is no doubt that republicans need to, number one, hold the line and remain serious about securing the border. but number two, we need to be a party and we need to be a country that welcomes and that celebrates legal immigrants who come here seeking the american dream. that's all of us, all of our parents fled oppression and came here seeking freedom. we need to champion that. >> let me go back to wh
congress to pass, it is not entrusted to the president of the united states. if president obama wants to change the immigration laws he should come down to congress and he should push for immigration reform. he should not attempt to unilaterally change the law, violate the law and violate the constitution. >> because last summer as you know very well, he waived deportation of the young kids who were brought in illegally. >> right. >> but doesn't the republican party have to...
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Jan 22, 2013
01/13
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hong kong unit issued a profit warning. a flat session for singapore. fraper and neace pulled back 2%. the stock had rallied over 16% since last september. meanwhile, south korea's kospi gained .35% as automakers and some technology shares rebounded strongly. australia's asx 200 finished flat. miners gained ground, but shares eased after bank santander denied interest in the bank's troubled uk unit. back to you, kelly. >> thanks very much for that. we want to turn now to the u.s. lots of data, lots of earnings. december existing home sales are out at 10:00 a.m. eastern. expected to show a 2% increase over 5 million at an annualized pace. it's a big day for earnings. four dow components are out just before the opening bell, dupont, johnson & johnson, travelers, verizon. after the bell, we'll hear from google, ibm, amd, cks and texas instruments. house leaders are expected to vote tomorrow to extend the debt ceiling deadline until may 19th. the gop measure doesn't specify an amount, but would lead let the government borrow what it needs to meet its obliga
hong kong unit issued a profit warning. a flat session for singapore. fraper and neace pulled back 2%. the stock had rallied over 16% since last september. meanwhile, south korea's kospi gained .35% as automakers and some technology shares rebounded strongly. australia's asx 200 finished flat. miners gained ground, but shares eased after bank santander denied interest in the bank's troubled uk unit. back to you, kelly. >> thanks very much for that. we want to turn now to the u.s. lots of...
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Jan 21, 2013
01/13
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. >> the office of the president of the united states. >> the office of president of the united states. >> now today, president obama will attend his public inauguration in washington. the reason why that ceremony happened yesterday is the president that's be sworn in by i think it's noon on the 20th. that was the private sayre mope. the private one takes place today. as many as 800,000 people are expected to attend the swearing-in in washington. the president will repeat his swearing in and give the traditional speech. if you're wondering how markets have done since president obama took office, 10 5/% return for the nasdaq, 65% for the dow. we're not necessarily attributing this to president obama himself, but you can look at how oil markets have traded over the last four years. the recovery from the credit crisis had pretty much most to do with the trends that we're seeing here. present adding almost 60%. nymex adding 34%. allen, you know, the point of these charts is during, i guess, more normal times which we know don't influence markets in any material way anyhow. president obama
. >> the office of the president of the united states. >> the office of president of the united states. >> now today, president obama will attend his public inauguration in washington. the reason why that ceremony happened yesterday is the president that's be sworn in by i think it's noon on the 20th. that was the private sayre mope. the private one takes place today. as many as 800,000 people are expected to attend the swearing-in in washington. the president will repeat his...
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Jan 16, 2013
01/13
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the validity of the united states shall not be questioned. it had nothing to do with raising and lowering the debt. all money bills should begin in the house. it is wonderful to see you thank you for helping us. >> here now we have mark hanna. >> guy benson, town hall.com political editor. lis inning to these chaps talk. i believe the debt increase is not only about the past and i think that we have a right to know what the budgets about the white house and the senate and the house are going to be. right now we don't have any budgets at all. i think ha is exactly right. this is a sep at that has not passed the budget in four years. what sort of bills they are planning to pay and the question here the real question is how do we prevent this from happening again. this is a recurring crisis. we have done this already under entitlements. >> that is the big question. will president obama compromise? >> i'm not sure he is going to compromise on this debt ceiling fight. it is important to talk about the broader contours of this actual debate. a year
the validity of the united states shall not be questioned. it had nothing to do with raising and lowering the debt. all money bills should begin in the house. it is wonderful to see you thank you for helping us. >> here now we have mark hanna. >> guy benson, town hall.com political editor. lis inning to these chaps talk. i believe the debt increase is not only about the past and i think that we have a right to know what the budgets about the white house and the senate and the house...
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Jan 18, 2013
01/13
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now across the world, 68. 78 in the united states. that's due it capitalism. that's due to business. i would like to see healthcare based on free enterprise capitalism. instead it has moved to greater government control, which saps innovation, doesn't give us choices or innovations. i would much rather see a safety net for poor people so everyone can afford healthcare, but let the markets work. we have crony capitalism in a sense. government controlled healthcare. i don't think that's the best way to go. >> thank you for the book "conscious capitalism." even though you're an ba billionaire, that's all right. >> i'm working on it. >> simon? >> nice interview, ty. thank you. >>> an interview oprah that he used performance enhancing drugs. is the game over for the cyclist or can the public forgive him? can he rejuvenate the brand? that's coming up in the power rundown. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months
now across the world, 68. 78 in the united states. that's due it capitalism. that's due to business. i would like to see healthcare based on free enterprise capitalism. instead it has moved to greater government control, which saps innovation, doesn't give us choices or innovations. i would much rather see a safety net for poor people so everyone can afford healthcare, but let the markets work. we have crony capitalism in a sense. government controlled healthcare. i don't think that's the best...
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Jan 28, 2013
01/13
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nothing has happened in the united states. absolutely nothing. and i think their reasons for optimism from the shale, which, by the way, that's an area where people are excited to talk about that. and, you know, there's some optimism coming from the easy money, i suppose, still. but i think in the united states, you know, if we get to the consensus, which seems to be 3% at the end of the year, i think that would be good. >> let me ask you about the economy. relative to what ee's going on washington. we voted that the house extended to see a debt ceili ining for a months. how does this play out? >> forever. i mean, that's the short answer. forever. they don't agree. so we're seeing an overlay of this, you know, one side the republicans, the other side the democrats. and i must say, post-election, president obama has become more election. it's wider. and they don't agree about military spending. they don't agree about what taxation should be, on and on and on. gun control. they don't agree. and on the other hand, you know, we have this sort of slow
nothing has happened in the united states. absolutely nothing. and i think their reasons for optimism from the shale, which, by the way, that's an area where people are excited to talk about that. and, you know, there's some optimism coming from the easy money, i suppose, still. but i think in the united states, you know, if we get to the consensus, which seems to be 3% at the end of the year, i think that would be good. >> let me ask you about the economy. relative to what ee's going on...
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Jan 15, 2013
01/13
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the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> now, house speaker john boehner responded quickly saying house republicans will do the right thing. they will be responsible, they will meet america's obligations and make sure the government does not shut down. he tried to take that specter off the table. but this is a very tough fight that's getting more and more problematic, larry, because the president said he's going to break the habit of crisis-driven fiscal negotiations. if he's going to succeed in that, somebody is going to have to break and it may have to be soon because treasury secretary geithner said this afternoon we could hit the debt ceiling and exhaust all the extraordinary measures he's been taking as soon as one month from now. >> you know, john, 2010, 2011, the 2012 he negotiated. he voted against the debt ceiling i believe in 2006. why all of a sudden does he not want have to have negotiations? >> i think will's happened, larry, is that the president
the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> now, house speaker john boehner responded quickly saying house republicans will do the right thing. they will be responsible, they will meet america's obligations and make sure the government does not shut down. he tried to take that specter off the table. but this is a very tough fight that's getting more and more problematic, larry, because...
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Jan 30, 2013
01/13
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if we have 41 republicans united we can stop that. we have the house of r representatives that tax increases is going to be a non starter. i'm confident that larry, republicans are going to be able to stop this from happening. they see real spending cuts happening on the horizon. >> so you will stick to it. paul ryan came out on sunday. this is the only spending cuts i see on the horizon, sir. will you commit that you will stand, you, the others, will you stand behind this thing? >> right, we will. and we got, defense hawks on the republican caucus that are concerned on the impact on the military we all are. and that is why we have proposed election that have replaced some of that spending cuts in the budget. but to your point, we have to stay committed and that is that we are going to reduce spending. we need to honor the american taxpayers deserve that. >> just as a last thought. we are five months into this deal. we are going to do march first. that is $24 billion lower in spending cuts. it seems to out of a $3.8 trillion budget yo
if we have 41 republicans united we can stop that. we have the house of r representatives that tax increases is going to be a non starter. i'm confident that larry, republicans are going to be able to stop this from happening. they see real spending cuts happening on the horizon. >> so you will stick to it. paul ryan came out on sunday. this is the only spending cuts i see on the horizon, sir. will you commit that you will stand, you, the others, will you stand behind this thing? >>...
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Jan 26, 2013
01/13
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by the way, the vice president of the united states was a senator for what, 3,000. i suggest the sitting vice president and sitting president of of the united states, you pay attention to your branch and let the senate do its job and the senate republicans need to stop filibustering these nominees both big and small. enough of the filibustering. 115 in the last congress. >> everybody stay put. it is the top of the financial world. a feud between it would have the richest men on tv. you don't want to miss this. see life in the best light. outdoors, or in. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little better. visit your eyecare professional today to ask about our newest lenses, transitions vantage and transitions xtractive lenses. experience life well lit. ask which transitions adaptive lens is best for you. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we'r
by the way, the vice president of the united states was a senator for what, 3,000. i suggest the sitting vice president and sitting president of of the united states, you pay attention to your branch and let the senate do its job and the senate republicans need to stop filibustering these nominees both big and small. enough of the filibustering. 115 in the last congress. >> everybody stay put. it is the top of the financial world. a feud between it would have the richest men on tv. you...
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Jan 3, 2013
01/13
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united health, worst in the dow right now. deutsche keeps a buy rating on aetna, which is the cheapest of the group. >> sounds like a biotech. i need melonlanox because my ey lids are drooping. this stock is up 60% this year. but mellanox with today's hair cut is under 14. >> a lot of coming out today, the discount retailer, what is it up to? >> it is down -- >> what is it down to, i should say. >> that is the biggest single drop for fdo in 12 years. guidance stumped for the full year 2013. >> a margin -- >> when everything is a dollar. >> an lot of margin. not a lot of pad in there. >> dollar tree, is not a store where dollars grow on trees. i thought it was, i mistakenly walked in. >> or selling christmas trees for a dollar. >> tough news also for one of the most despicable diseases out there. >> yeah pz lou gehrig's disease. they had a third trial, trial result not good. they are ceasing development of the drug. bad day also for folks suffering from als. piper jaffray cutting its sun cast. >> solar panel making moving highe
united health, worst in the dow right now. deutsche keeps a buy rating on aetna, which is the cheapest of the group. >> sounds like a biotech. i need melonlanox because my ey lids are drooping. this stock is up 60% this year. but mellanox with today's hair cut is under 14. >> a lot of coming out today, the discount retailer, what is it up to? >> it is down -- >> what is it down to, i should say. >> that is the biggest single drop for fdo in 12 years. guidance...
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Jan 7, 2013
01/13
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in the united states, we are nowhere back to where we were in 2007. therefore the economy cannot generate the kind of consumption it generated in 2007. >> we're forgetting one other factor which is regulation. >> yep. >> bank regulators is one example. the small businesses i work with at the highland consumer fund have trouble getting capital. one of the reasons is despite the rhetoric from washington, the bank regulators have put in so much spending restrictions so that my small businesses who want to add jobs can't do so because they can't get the capital. >> i completely agree on that. >> we're very focused on regulations as well. >> i completely agree on the small business capital market conditions. this has been a big, big problem. it's one of the reasons the recession was so deep and one of the reasons the recovery is so slow. i agree with that. but i really want to point out, why is it so difficult to get a spending deal? i think it's important to recognize that the american people, the majority of american people do not agree with a change in
in the united states, we are nowhere back to where we were in 2007. therefore the economy cannot generate the kind of consumption it generated in 2007. >> we're forgetting one other factor which is regulation. >> yep. >> bank regulators is one example. the small businesses i work with at the highland consumer fund have trouble getting capital. one of the reasons is despite the rhetoric from washington, the bank regulators have put in so much spending restrictions so that my...
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Jan 2, 2013
01/13
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if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> nbc's steve handelsman has been following the latest developments out of washington. >> reporter: the democrats and republicans up here on capitol hill, the president down at the white house, all know this may have been a magic moment. as tough as it looked, as awful as it looked to many in the u.s. and overseas, this might be the most cooperation we see on any taxes and spending dispute, at least in the next few months. just getting this far has been a long journey. president obama, who incidentally speaking of journeys came back here to washington for this fight and is already headed back to where he was which is a family vacation in hawaii. he campaigned for the better part of a year, won the presidency, promising tax hikes on individuals making $200,000 a year and more, and settled for double that, $400,000. congressional republicans have held the line for two decades on tax increases, yet a majority of republica
if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> nbc's steve handelsman has been following the latest developments out of washington. >> reporter: the democrats and republicans up here on capitol hill, the president down at the white house, all know this may have been a magic moment. as tough as it looked, as awful as it looked to many in the u.s. and overseas,...
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Jan 10, 2013
01/13
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apple, they go into the united states, they can negotiate a really good deal. and china mobile, because they have over 700 million users, they're really the dominant player. so they don't need apple as much as apple needs china mobile. frankly, in china, china mobile's user base tends to be wealthier. they spend more money per month on data services. it would be lucrative if apple could find some sort of a deal. but i don't think it's likely in the short 2er78. >> what is he going to try to sort out on that trip? >> in the last year, you've seen apple suppliers fliek foxconn have come under pressure for working conditions. one of the problems is that labor costs are continuing to soar here. so what is happening is the suppliers are having their margins squeezed. because apple is so large, they can't go up for higher factory area because that's going to accuracy all of their prices. you have, like, over a million employ eees for foxconn in china alone. china might not be the place that apple should be producing in the coming five, ten years. >> foxconn has a mil
apple, they go into the united states, they can negotiate a really good deal. and china mobile, because they have over 700 million users, they're really the dominant player. so they don't need apple as much as apple needs china mobile. frankly, in china, china mobile's user base tends to be wealthier. they spend more money per month on data services. it would be lucrative if apple could find some sort of a deal. but i don't think it's likely in the short 2er78. >> what is he going to try...
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Jan 10, 2013
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he became treasurer of the united states. he was a good treasurer. >> he was a bank -- you're right, jimmy baker was, but he was a bank director and he knew a lot about it as a corporate lawyer. steve forbes, i just go down the list. this is not personal. i've never met mr. lew. i'm saying on qualifications, he has no markets standing, he has no financial standing or discussions, i don't know what he's going to do with the dollar which has fallen 10% over obama. and steve, i do judge him harshly as omb director. after all, the massive spending and deficit and debt creation, jack lew was presiding over all of that. >> yes, well, he reflects the beliefs of his boss. and i'm sure he's a nice guy, man of integrity, but he's wrong on the budget, wrong on taxes and wrong on the dollar. you're wrong in on those three things, it's not going to be a happy tenure. i couldn't care about his resume, as long as he was a smart guy that could get up to speed quickly with his international counterparts and alike. but he's wrong on the three
he became treasurer of the united states. he was a good treasurer. >> he was a bank -- you're right, jimmy baker was, but he was a bank director and he knew a lot about it as a corporate lawyer. steve forbes, i just go down the list. this is not personal. i've never met mr. lew. i'm saying on qualifications, he has no markets standing, he has no financial standing or discussions, i don't know what he's going to do with the dollar which has fallen 10% over obama. and steve, i do judge him...
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Jan 15, 2013
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our next guest of 2013 says it will be a year of austerity for the united states. bruno, thanks for that. i suppose if they don't agree on the debt ceiling, they'll get a big kick in of austerity. >> yes. good morning. well, i think that's for sure. it might draw the attention a bit away from europe, however, because it's becoming clear to the investors that u.s. might have a big political problem and, of course, a huge debt problem that they need to solve, as well. so far, they have taken a strategy of growing themselves out of it, which has not really worked, but now i think they will need to save a bit, increase taxes, but now it's clearly showing that their budget can be taken under control, as well. because if not, i think the market is going to punish them, either with a credit downgrade or with higher yields. and that seems to be the trend for 2013. that's higher yields are almost a given. >> sorry. people are going to stop buying u.s. treasuries. what had are they going the buy instead? >> well, i would like an acronym on that one. it's call tiana. there is
our next guest of 2013 says it will be a year of austerity for the united states. bruno, thanks for that. i suppose if they don't agree on the debt ceiling, they'll get a big kick in of austerity. >> yes. good morning. well, i think that's for sure. it might draw the attention a bit away from europe, however, because it's becoming clear to the investors that u.s. might have a big political problem and, of course, a huge debt problem that they need to solve, as well. so far, they have...
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Jan 3, 2013
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have to do if you're the united states government? you'd have to live off of your tax receipts. take a look here at some of the charts that we've prepared, and can you see exactly how much money the u.s. government brings in every month. it's about $206 billion in receipts every month. that's the whole amount of money the u.s. government would have to finance its operations so how does that break out? what are the expenses on a monthly basis? we'll start with the absolute must-dos. interest on the debt, $29 billion a month. got to pay that. social security, got to pay that. 65 billion, medicare about 42 billion. veterans will b $11 billion. income security programs. that's about $46 billion in expenses every month and also military salaries. this is our estimate so some of these numbers are a little bit rough, but that's about $13 billion a month, and what does that get you? it gets you a grand total of expenses of absolute must-do things that the government has to do every month of about exactly $206 billion which is how much the u.s
have to do if you're the united states government? you'd have to live off of your tax receipts. take a look here at some of the charts that we've prepared, and can you see exactly how much money the u.s. government brings in every month. it's about $206 billion in receipts every month. that's the whole amount of money the u.s. government would have to finance its operations so how does that break out? what are the expenses on a monthly basis? we'll start with the absolute must-dos. interest on...
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Jan 17, 2013
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united technologies, honeywell, all make a lot of sense. i ple bless the trade and investment. it's a multiyear cycle. >>> jake in new york. jake. >> caller: jim cramer, how are you doing today? >> couldn't be better. how are you? >> caller: i'm doing pretty good. i'm calling about panera bread today. i hopped on the stock's bandwagon and i think it has fwabulous growth potential. but with news on chipotle that food costs are rising, do you think the growth is sustainable and whether this stock is a buy in 2013? >> let's distinguish that. chipotle was expensive stock. both are expensive on price per earrings basis but not on growth basis. panera says very little inflation pressure on their particular products. they have pass ted on price increases. right now, both up a lot. but panera is less expensive with chipotle with a better growth path. >>> joey in flea. >> caller: hey, jim. what are your thoughts on usac? should i put my money in something like this or cvr refining? >> i like cvr refining. my friend dan dickert, knows refining stocks better than anyone likes this one. i
united technologies, honeywell, all make a lot of sense. i ple bless the trade and investment. it's a multiyear cycle. >>> jake in new york. jake. >> caller: jim cramer, how are you doing today? >> couldn't be better. how are you? >> caller: i'm doing pretty good. i'm calling about panera bread today. i hopped on the stock's bandwagon and i think it has fwabulous growth potential. but with news on chipotle that food costs are rising, do you think the growth is...
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Jan 16, 2013
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sort of ancient history because things are becoming clearer now as far as the fiscal policy of the united states. we still have the debt crisis coming in a couple of months here to be resolved, but, you know, things do seem to be getting better. we've had some companies say that the housing market is for real right now, for example. >> yeah. i guess there's two different ways to think about it, bill. ancient history or crystal ball telling our future. i mean, when i read these comments, i see them very much as some of them seem to have come before the fiscal cliff deal was made but the other stuff comes in. there's some of the comments up on your screen there from the individual banks. i think that two things. i think, obviously, going over or hitting the debt ceiling is a big deal, but i think the run up to the debt ceiling, this is what the beige book is telling us, bill, the run-up is a big deal and the whole question. i'm not saying it's -- it's very important to solve these issues, but i think what the market wants, what investors want and probably what the american public wants is a
sort of ancient history because things are becoming clearer now as far as the fiscal policy of the united states. we still have the debt crisis coming in a couple of months here to be resolved, but, you know, things do seem to be getting better. we've had some companies say that the housing market is for real right now, for example. >> yeah. i guess there's two different ways to think about it, bill. ancient history or crystal ball telling our future. i mean, when i read these comments, i...
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Jan 18, 2013
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go ahead. >> caller: united technology. >> united technology, speaking of hartford, wow, speak of the devil, or actually the angel. i think that stock is terrific. one of my favorite stocks. trying to build a big position. for actionorders.com. my charitable trust. you can play along. the best play in aerospace other than honeywell. no offense. your stock is fabulous, too. jerry in new york. how are you? >> caller: hi, jim. how are you? >> real good, how about you? >> caller: good, thanks. big booyah from syosset, long island. >> beautiful out there. i love the island. i'll be there shortly. just got to be a little warmer. >> caller: i'll be sure to see you again. >> you bet. >> caller: can you give me your thoughts for chenier energy. >> 17, 18. when you get to that point, can you pull the trigger. i want to make this point, it's had a big run. stock had a big run. joe in massachusetts. joe? >> caller: yes. >> patriot booyah. >> caller: hi, jim. listen, i want to give you double big booyah. listen, i watch your show all the time. i watched you do an interview with opko health care. t
go ahead. >> caller: united technology. >> united technology, speaking of hartford, wow, speak of the devil, or actually the angel. i think that stock is terrific. one of my favorite stocks. trying to build a big position. for actionorders.com. my charitable trust. you can play along. the best play in aerospace other than honeywell. no offense. your stock is fabulous, too. jerry in new york. how are you? >> caller: hi, jim. how are you? >> real good, how about you?...
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Jan 8, 2013
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i volunteered for one summer, larry, at united way, you donate a dollar to united way, 90 cents gets down to the beneficiary. right now we're spending up to $60,000 and if you add up the value, we could write a check to every family on welfare for $60,000, but it's inefficient because of government salaries and bureaucracies and so forth. the private sector relies on volunteers. that's why it's far more efficient. 1871, the city of chicago burned down, it was rebuilt with almost complete private money. they came in from all over the world. it was handled with some government bureaucrat, but by and large, the whole city was rebuilt with private money. it can be done without government. >> it could be done without government. you know what? it would be a heck of a free market experiment. it would also be a great socially compassionate experiment too. anyway, larry elder, as always, thanks very much. >>> now, to my very strong warning to politicians in washington, d.c. it's a strong warning. please, don't shut down the government, don't shut down the debt ceiling, i have a much better w
i volunteered for one summer, larry, at united way, you donate a dollar to united way, 90 cents gets down to the beneficiary. right now we're spending up to $60,000 and if you add up the value, we could write a check to every family on welfare for $60,000, but it's inefficient because of government salaries and bureaucracies and so forth. the private sector relies on volunteers. that's why it's far more efficient. 1871, the city of chicago burned down, it was rebuilt with almost complete...
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Jan 16, 2013
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the president said that this is one of the most important things that he can do as president of the united states. >> this is our first task as a society. keeping our children safe. this is how we will be judged. and their voices should compel us to change. >>> already the nra is out with a very tough ad criticizing the president as an elitist hypocrite. take a look at an ad. >> are the president's kids more important than yours? then why is he skeptical about putting armed security in our schools when his kids are protected by armed guards at their school? >> now white house press secretary jay carney came out with a response to that saying, to make the safety of the president's children the subject of an attack ad is repungent and cowardly. i it have a feeling this has just begun. >> check out the impact the new proposals might have on gun sales. they are all on the plus side with smith andes withon up 3.5 percent and sturm rugger up. and cabela's, selling a lot of guns in the midwest, up almost 6%. hampton pearson is live with us. hi, hampton. >> hi, sue. we are at one of the oldest gun
the president said that this is one of the most important things that he can do as president of the united states. >> this is our first task as a society. keeping our children safe. this is how we will be judged. and their voices should compel us to change. >>> already the nra is out with a very tough ad criticizing the president as an elitist hypocrite. take a look at an ad. >> are the president's kids more important than yours? then why is he skeptical about putting armed...
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Jan 17, 2013
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united airlines has already announced it will comply with the order, they have no choice to do so. remember also boeing is a dow component and selling off in the aftermarket and remember this is all related to the recent spate of incidents on board the 787 both here and the united states and in japan. there's been fires in the cockpit on two occasions and fuel leaks as well. our phone phil lebeau will join us with this story. now back to the headline story, president obama called on congress to further restrict assault weapons and limit ammo magazines today. marking the broadest push for gun control in a generation we have cnbc eamon javers who is here to join us with the details. >> reporter: it was an emotional event over at the white house. the president flanked by small children announcing his proposals on gun violence announcing a new assault weapons ban, limits on magazine sizes, enhanced background checks and access to mental health. the president said however that lawmakers up on capitol hill have a stark choice to make. >> what's more important? doing whatever it takes to
united airlines has already announced it will comply with the order, they have no choice to do so. remember also boeing is a dow component and selling off in the aftermarket and remember this is all related to the recent spate of incidents on board the 787 both here and the united states and in japan. there's been fires in the cockpit on two occasions and fuel leaks as well. our phone phil lebeau will join us with this story. now back to the headline story, president obama called on congress to...
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Jan 2, 2013
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just when we avoid one cliff, they threw united states off another cliff, the hurricane cliff. we have to come together because there is widespread bipartisan support for this bill. it's there, just a matter of getting the vote. >> if you just look at the way the house bill passed for the cliff and you just do the math, the democrats really like this bill a lot more than the republicans. does that mean that you really got the best of the republicans this time around, congressman? can we read it that way? >> i'm not sure that the democrats like this bill more than republicans. i do believe democrats injected some prag matism and compromise and solutions into this. allowing us to fall over this cliff as a result of partisanship wasn't an option. i voted for this bill. there was plenty i didn't like. i wished we received more deficit reduction. i wasn't going to allow my own immediacy concerns to push us off the cliff. something i do like good for new yorkers or other high cost of living areas. that is the increased thresholds on the income tax piece. i've been preaching two years
just when we avoid one cliff, they threw united states off another cliff, the hurricane cliff. we have to come together because there is widespread bipartisan support for this bill. it's there, just a matter of getting the vote. >> if you just look at the way the house bill passed for the cliff and you just do the math, the democrats really like this bill a lot more than the republicans. does that mean that you really got the best of the republicans this time around, congressman? can we...
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Jan 8, 2013
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he had been head of jpmorgan's investment banking unit. jamie diamond named two younger executives to be co-chiefs of commercial investment banking. staley will join kate kelly on squawk on the street at 11:00 eastern this morning. you don't want to miss that. >> we've been talking about mortgages this morning and steve liesman is here with more on the dprop in mortgage applications. rick santelli joins us from the cme in chicago as well. steve what are you watching? >> first i'm watching this increase we've had in the ten-year yield which has gone up as you know, 10, 15 basis points over the past several weeks. >> 1.9%. >> right, right. but we haven't seen it really in the 30-year mortgage. so i thought i would draw on, you know, rick's expertise and our expertise from our co-host this morning to try to get an idea for the direction. just want to show you some charts here. first thing is you'll see the 30-year rate remaining pretty much flat. and of course the federal reserve is going to come along and buy a whole bunch of mortgages this
he had been head of jpmorgan's investment banking unit. jamie diamond named two younger executives to be co-chiefs of commercial investment banking. staley will join kate kelly on squawk on the street at 11:00 eastern this morning. you don't want to miss that. >> we've been talking about mortgages this morning and steve liesman is here with more on the dprop in mortgage applications. rick santelli joins us from the cme in chicago as well. steve what are you watching? >> first i'm...
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Jan 7, 2013
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to get its act together we should have never invested in stocks for the history of the united states probably. >> that's a great point, brian. this one is real. this is a big issue here. and i think if people need to be invested in stocks, i absolutely agree. dividends will work better than anything else out under. >> my point is this, though, matt. but you know what is bigger? the bond market. if the fed raises rates, couldn't that be a couple hundred billion new bucks that comes back to stocks for the first time in years? >> and if they do, they will probably go into dividends because those investors are focused on income and they need it and it is difficult to get when the ten-year is below 2%. >> got to leave it there, folks. thanks for joining us. let's get some respect back under the market. >>> it has been tossed around when the u.s. will hit the debt limit. it could be sooner than first thought. what's the new timeframe. >> as early as february, where fiscal policy experts examined this closely, is extraordinary measures that treasury leaned on to try to delay the debt ceilin
to get its act together we should have never invested in stocks for the history of the united states probably. >> that's a great point, brian. this one is real. this is a big issue here. and i think if people need to be invested in stocks, i absolutely agree. dividends will work better than anything else out under. >> my point is this, though, matt. but you know what is bigger? the bond market. if the fed raises rates, couldn't that be a couple hundred billion new bucks that comes...
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Jan 11, 2013
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by kamikaze keynesian counterfeiters and they have mad to up the money supply in japan, europe, the united states. for instance, the u.s. money supply is measured by m 2 and it's growing at an 12% annualized rate. not going to bonds, not stocks. we're very long the stock market here. >> rocking the "miami vice" look today. like that. >> long the stock market, michael, but you think the economy is going to have trouble so basically you're looking that the market trading on free money. >> listen, look at japan. their debt-to-gdp it 237%. their manufacturing is falling. industrial production is falling. who cares? the market's up 23% in the last two months because shinzo abe has grabbed their central bank by the throat and said start printing and they have done it to the tune of over 100 trillion yen. >> so rick, the stat that i brought out at the very top here, this tremendous amount of money flowing into equities, second biggest ever on a weekly basis, does that tell you that we're about to see the great exodus from bonds into stocks? >> it could be the largest sucker trap in history becaus
by kamikaze keynesian counterfeiters and they have mad to up the money supply in japan, europe, the united states. for instance, the u.s. money supply is measured by m 2 and it's growing at an 12% annualized rate. not going to bonds, not stocks. we're very long the stock market here. >> rocking the "miami vice" look today. like that. >> long the stock market, michael, but you think the economy is going to have trouble so basically you're looking that the market trading on...
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Jan 10, 2013
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the united states is 16% of that. europe is 22%. but china and japan are 21% and they've got new leaders and they're stepping on the accelerator. abe and li are starting to push. that's helping the export picture. when i talk to companies in the last couple of days, because of their releasing of earnings, december was not good. a definitely of uncertainty crept in again. similar to what happened in '08, and you you can see that hope lfl i that's starting to come back. >> all of the emotion associated with everyone turning on television and wondering what's going on with this country. so short term you've got the impact of the next one sequestration coming up. you've got the next one dealing with the debt limit. then you have long-term structural issues. then you have to deal with the following. if i'm getting paid every two weeks my first check is going to have $40 less if i make less than $50,000. companies are saying they're putting notices in there to explain why that happens. so we've got the payroll shock in the next week, when
the united states is 16% of that. europe is 22%. but china and japan are 21% and they've got new leaders and they're stepping on the accelerator. abe and li are starting to push. that's helping the export picture. when i talk to companies in the last couple of days, because of their releasing of earnings, december was not good. a definitely of uncertainty crept in again. similar to what happened in '08, and you you can see that hope lfl i that's starting to come back. >> all of the...
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Jan 12, 2013
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i think torture is a bad thing for the united states to practice. we should be a leader in terms of demonstrating human rights practices across the world. and if we engage in torture, that encourages other countries to engage in torture with american troops or americans held captive anywhere across the world. people like john mccain and diane feinstein are absolutely right in being opposed to this. i don't know about whether the film is glorifying torture or not. but it's something we don't need to be doing as society. >> don't our enemies use torture? wasn't 9/11 torture? isn't then have been our enemies constantly used torture including the killing of americans not to speak of american reporters? >> enhanced interrogation techniques? that's not necessarily water boarding. and if there are terrorists out there who are worried that they get captured they maybe water boarded? that's fine if they believe that. i have no problem with the purposeful ambiguity the cia has given. but the fact remains i think it is highly contentious whether they used wate
i think torture is a bad thing for the united states to practice. we should be a leader in terms of demonstrating human rights practices across the world. and if we engage in torture, that encourages other countries to engage in torture with american troops or americans held captive anywhere across the world. people like john mccain and diane feinstein are absolutely right in being opposed to this. i don't know about whether the film is glorifying torture or not. but it's something we don't...
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Jan 31, 2013
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notes hitting the tape this morning and netflix, good news here, stronger subscriber base here in the united states and overseas. the stock hitting a multi-year high, and apple, you know i was going to go there. growing concerns around iphone 5 demand weighed on shares but the big drop came when it reported disappointing earnings. in the past decade there's been four other instances when apple has fallen more than 14% in a month. even without apple, maria, the nasdaq was able to eco-out a gain for a month and that's due to strength and semiconductor stocks, biotech as well as online travel. back to you. >> all right. seema, thanks so much. watching ray lewis this weekend? >> yeah. >> ravens/49ers. let's close it out here. a market is down 35 points on the dow jones industrial average. scott, we are basically steady from where we have been the last 30 minutes or so. >> here we go. the san francisco 49ers take on the baltimore ravens in the super bowl in just a couple of days. the 49ers ceo jedd york is also dealing with a super controversy brought on by one of his players. >> you have to unde
notes hitting the tape this morning and netflix, good news here, stronger subscriber base here in the united states and overseas. the stock hitting a multi-year high, and apple, you know i was going to go there. growing concerns around iphone 5 demand weighed on shares but the big drop came when it reported disappointing earnings. in the past decade there's been four other instances when apple has fallen more than 14% in a month. even without apple, maria, the nasdaq was able to eco-out a gain...
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Jan 2, 2013
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companies like united health, aet aetna, humana, well point. and don't forget about the companies on the cutting edge of medical technology. with less to spend potentially, hospitals probably wouldn't have made some of the same kind of investment in their products. so companies like intuitive surgical and medtronic, they were stocks investors were watching closely. that said, the sigh of relief may only be temporary while spending cuts won't take immediate effect, they will be revisited down the group. so this sa group we really need to watch. >> jackie, thank you very much. let's get more perspective from someone on the front lines of the industry. here in a first on a cnbc interview, jonathan bush, chairman and ceo and president of athenahealth. welcome to the program, sir. >> good to see you there. nice to have you have me on. >> within the deal that we have, and it sa long deal, over 250 pages, we're not going to get the cuts on the medicare physician payments, which a lot of people were concerned about. but in order that the doctors don't
companies like united health, aet aetna, humana, well point. and don't forget about the companies on the cutting edge of medical technology. with less to spend potentially, hospitals probably wouldn't have made some of the same kind of investment in their products. so companies like intuitive surgical and medtronic, they were stocks investors were watching closely. that said, the sigh of relief may only be temporary while spending cuts won't take immediate effect, they will be revisited down...
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Jan 25, 2013
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the place that is in a much better position right now is the united states. again, you know, we obsess about our problems, what's going on in congress, and we sentiment is poor in some ways. but with housing stabilizing, probably going back up, with the amount of cash on the side, blessings of the energy situation that none of us anticipated, but somehow it's just -- it's just happened, and low interest rates, i think the u.s. environment is very good. >> but right before we start this interview, becky was talking about the futures. we saw the green arrows. and you said the market's going to keep going up. what's happening? >> i think if you ask a pool of investors what you would like to have happen? would you like the equity markets to go down or go up over the next few days i think everybody would kind of like it to go down so they can get in. in other words the market has gone up, with people being underinvested. don't forget, look at how much money went into fixed income. at very -- very low interest rates. there will be a turn. the turn in interest rates
the place that is in a much better position right now is the united states. again, you know, we obsess about our problems, what's going on in congress, and we sentiment is poor in some ways. but with housing stabilizing, probably going back up, with the amount of cash on the side, blessings of the energy situation that none of us anticipated, but somehow it's just -- it's just happened, and low interest rates, i think the u.s. environment is very good. >> but right before we start this...
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Jan 14, 2013
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attention to it for the next 30 years, i still think this is one of the more dynamic success stories the united states has produced in terms of new companies in the past five years. and we should continue to look at this as such. >> that's for sure. we can wait around for the mystery news tomorrow. >> never buy a stock based on mystery news. that i would say, if you're hoping that tomorrow is going to be a pop, definitely do not invest today. because it's much more likely to be a disappointment. but that's a one-day event. not a stock company story. >> two smart guys, two differing opinions. we love it when that happens. thank you, guys. see you later. >>> we've got about 20 minutes before the closing bell sounds for the day. the dow industrials up about 14 points. up next he may have a passion for mechanical watches, but jeffrey sprecher founded one of the world's largest electronic trading exchanges. what will happen to traders on the floor of nyc if intercontinental exchange is successful in their next move. we'll talk with jeffrey sprecher exclusively. back in a moment. tdd#: 1-800-345-2550
attention to it for the next 30 years, i still think this is one of the more dynamic success stories the united states has produced in terms of new companies in the past five years. and we should continue to look at this as such. >> that's for sure. we can wait around for the mystery news tomorrow. >> never buy a stock based on mystery news. that i would say, if you're hoping that tomorrow is going to be a pop, definitely do not invest today. because it's much more likely to be a...
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Jan 23, 2013
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er with looking for units in low to mid 20 millions. but the big question mark here is mixed. how many ipad minis are selling versus full side ipades. there will be a mix on overall margins and margins and guide yuns with a big influence on how people feel about the stock. i will break down numbers as soon as we have them on closing bell. tyler? >> thank you very much. so, should you buy apple's stock if you don't own it already? let's ask at least one expert. shaw wu, stock analyst. shaw, stock is down over the past four months or so. obviously selling at a discount. you could have spent more in october. would you buy it at this price for say a one to two-year holding period? >> yes. we like the stock at this level. like you said, especially with this pull back. we think the story is pretty much still in tact. the growth story. you have iphone that is still seeing a lot of growth. seeing penetration around the world. and also as i mentioned earlier, you also have them selling not just the flagship iphone five but 4 and 4s allows them to address the mid range of the market. we
er with looking for units in low to mid 20 millions. but the big question mark here is mixed. how many ipad minis are selling versus full side ipades. there will be a mix on overall margins and margins and guide yuns with a big influence on how people feel about the stock. i will break down numbers as soon as we have them on closing bell. tyler? >> thank you very much. so, should you buy apple's stock if you don't own it already? let's ask at least one expert. shaw wu, stock analyst....
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Jan 23, 2013
01/13
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let's look at this stock, united tech. the revenue looks a little ligh light. >> they're looking for $16.6 billion and the number, 16.fo$1 billion. >> almost in line. >> close enough for government work, right? ani fiscal 2000 sales at $64 billion for the company and 6.04 for 2013. that is exactly where the estimate is right now for the guidance. >> the company's ceo saying they closed the year better than they had been anticipating. they also talk about strong cash generation in the quarter and said they delivered on their commitment to pay down about a third of the goodrich acquisition debt. keep an eye on that. otis elevator, the equipment, up 12% over a year ago and now saying for 2013 they expect earnings per share of 5.85 to $6.15. the full year -- >> $6.04. they did it for us here, they reaffirmed. we don't know whether they already affirmed at once. do you have that? >> the doesn't like the reaffirming. >> i'm fine with it. >> if they affirmed the number and reaffirmed the number. if they're only giving it once the
let's look at this stock, united tech. the revenue looks a little ligh light. >> they're looking for $16.6 billion and the number, 16.fo$1 billion. >> almost in line. >> close enough for government work, right? ani fiscal 2000 sales at $64 billion for the company and 6.04 for 2013. that is exactly where the estimate is right now for the guidance. >> the company's ceo saying they closed the year better than they had been anticipating. they also talk about strong cash...
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Jan 25, 2013
01/13
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plateau, well be, whether in ai a year o two or next month, or the next decade, we will look at the united states doing well. >> could you agree with jim that we could see 10 to 20% of equities this year, though? >> i believe from the point of view there is so much money on the side lines earning nothing that rubber band effect of it coming out could absolutely could do that. it is not outlandish, but i try not to call short term market moves. >> i want to get to something that was said yesterday at 30 rock. jim, i know you're in a little box there. from memory and s&p 500, what is interesting is that over time, recently, i'm always saying recently, right? we have seen the two diverge. rates have gone down. i'm trying to break out the john madden illustrator here, markets have gone up. but there have been plenty of times within say last ten years before that, where they were going the same way. if rates normalize, jim, will we crush stocks or can they trade divergeantly? >> i would expect for the next year or two, to see rates tending upwards. probably it will start with a steepening of th
plateau, well be, whether in ai a year o two or next month, or the next decade, we will look at the united states doing well. >> could you agree with jim that we could see 10 to 20% of equities this year, though? >> i believe from the point of view there is so much money on the side lines earning nothing that rubber band effect of it coming out could absolutely could do that. it is not outlandish, but i try not to call short term market moves. >> i want to get to something...
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Jan 15, 2013
01/13
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why downgrade the united states? >> because a key characteristic and a key feature of a aaa -- any aaa issuer is that it has a consistent and predictable financial debt management policy. and as i say, moving from -- staggering from one self-imposed crisis to another, while not addressing the longer term fiscal challenges that the united states face, is not in our opinion going to be consistent with returning to a aaa rating. the u.s. will still be incredibly strong credit. people shouldn't be concerned in that respect, but it's no longer consistent with being aaa. we think there are a lot of reasons we think the u.s. should stay aaa. they have the capacity to address. but they do need to address that. the way to do it is not for threatening default for the debt ceiling. >> david, thank you for joining us. david riley joining us there from fitch in london. >>> a little less than three hours, what the meeting might mean for the facebook stock. we have a buy rating on facebook and price target of 32. welcome back. >> t
why downgrade the united states? >> because a key characteristic and a key feature of a aaa -- any aaa issuer is that it has a consistent and predictable financial debt management policy. and as i say, moving from -- staggering from one self-imposed crisis to another, while not addressing the longer term fiscal challenges that the united states face, is not in our opinion going to be consistent with returning to a aaa rating. the u.s. will still be incredibly strong credit. people...
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Jan 17, 2013
01/13
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it's not just here in the united states. once the faa came forward with this air worthiness directive, you found europe, japan, india, they've all done the same thing. so essentially you're not seeing the dreamliner fly anywhere around the world. the issue, the lythithium ion batteries. boeing is working with the faa to prove these batteries are safe and in compliance with what the faa wants to see in the dreamliner. boeing must show they are safe and will not prompt potential fire with a malfunction while in flight. that has been the concern following what happened last week in boston, and then earlier this week in japan. once this directive came out from the faa we heard from boeing ceo saying we will be taking every necessary step in the coming days to ensure our customers and the traveling public of the 787 safety and to return those airplanes to service. the last dreamliner to land in the u.s. happened last night here in chicago. lot airline landing at o'hare. there was supposed to be a fairly large ceremony commemorati
it's not just here in the united states. once the faa came forward with this air worthiness directive, you found europe, japan, india, they've all done the same thing. so essentially you're not seeing the dreamliner fly anywhere around the world. the issue, the lythithium ion batteries. boeing is working with the faa to prove these batteries are safe and in compliance with what the faa wants to see in the dreamliner. boeing must show they are safe and will not prompt potential fire with a...
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Jan 16, 2013
01/13
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in september 2012, united space alliance, a major shuttle contractor, reduced its workforce by 6%, including 121 jobs at the kennedy space center. those cuts saw usa's florida-based labor force dropped to 1,073 employees, down from about 5,000 at the start of 2010. [ticking] coming up, the stigma of long-term unemployment. >> did you ever have the sense that you and others were being discriminated against because of how long you'd been unemployed? >> there's no doubt. i mean, i've seen it in print. whether it's some newspaper ads or online during those types of advertisements, i've actually seen, "if you are unemployed, you need not apply." >> trapped in unemployment when 60 minutes on cnbc returns. [ticking] hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. let's get a recap, merv. [ merv ] thanks, other merv. mr. clean magic eraser extra power was three times faster on permanent marker. elsewhere against dir
in september 2012, united space alliance, a major shuttle contractor, reduced its workforce by 6%, including 121 jobs at the kennedy space center. those cuts saw usa's florida-based labor force dropped to 1,073 employees, down from about 5,000 at the start of 2010. [ticking] coming up, the stigma of long-term unemployment. >> did you ever have the sense that you and others were being discriminated against because of how long you'd been unemployed? >> there's no doubt. i mean, i've...
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Jan 24, 2013
01/13
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ual as well or continental united, i should say, along with southwest. their earnings not exactly blockbuster or as will in the case of continental united, however, they did beat estimates, their stocks moving higher as well in today's session. southwest did see a decline in passenger revenue, but also had smaller gains from some of its fuel hedges in the last quarter. let's take a look at apple's suppliers because, of course, we are seeing weakness in the tech sector on the heels of those disappointing results from apple, earnings beat sales miss. sky works and broad com under pressure. western digital came out with earnings today and they were better than expected. the disk drivemaker benefiting from gains in its enterprise segment. lastly, touch on one stock that represents a group performing well that being stanley black & decker, the company saying that its current quarter results, better-than-expected, did benefit from an improvement in construction and the also that do-it-yourself sales which, of course, we have seen benefiting on the dow componen
ual as well or continental united, i should say, along with southwest. their earnings not exactly blockbuster or as will in the case of continental united, however, they did beat estimates, their stocks moving higher as well in today's session. southwest did see a decline in passenger revenue, but also had smaller gains from some of its fuel hedges in the last quarter. let's take a look at apple's suppliers because, of course, we are seeing weakness in the tech sector on the heels of those...
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Jan 21, 2013
01/13
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in september 2012, united space alliance, a major shuttle contractor, reduced its workforce by 6%, including 121 jobs at the kennedy space center. those cuts saw usa's florida-based labor force dropped to 1,073 employees, down from about 5,000 at the start of 2010. [ticking] coming up, the stigma of long-term unemployment. >> did you ever have the sense that you and others were being discriminated against because of how long you'd been unemployed? >> there's no doubt. i mean, i've seen it in print. whether it's some newspaper ads or online during those types of advertisements, i've actually seen, "if you are unemployed, you need not apply." >> trapped in unemployment when 60 minutes on cnbc returns. [ticking] try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ticking] >> there's something stubborn about unemployment. not sin
in september 2012, united space alliance, a major shuttle contractor, reduced its workforce by 6%, including 121 jobs at the kennedy space center. those cuts saw usa's florida-based labor force dropped to 1,073 employees, down from about 5,000 at the start of 2010. [ticking] coming up, the stigma of long-term unemployment. >> did you ever have the sense that you and others were being discriminated against because of how long you'd been unemployed? >> there's no doubt. i mean, i've...
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Jan 18, 2013
01/13
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growing an economy has some segments that are pretty good for the united states. overall, there's some serious issues with the amount of money you're raising and the amount of money you're spending. nobody wants to see i'm modeling myself after jerry brown. >> jerry brown is just -- >> or the epa or -- >> i know. you've got plenty of companies leaving california. >> let me just ask you, is it the policies that california has created that allowed all of this innovation to flourish or is it literally by happenstance that this happened? >> i would probably say the latter and we haven't screwed it up. you know, you can screw up purely clusters pretty easily in the 1970s and '80s when i came out to silicone valley, it wasn't clear whether it was going to be silicone valley or boston that would be the entrepreneur center of the outside. we had equally crazy people doing risk capital. they were in boston. the bankers ended up acting like bankers. in silicone valley, they ended up acting like pirates and that kept the cluster going. >> steve, thank you for joining us. >>
growing an economy has some segments that are pretty good for the united states. overall, there's some serious issues with the amount of money you're raising and the amount of money you're spending. nobody wants to see i'm modeling myself after jerry brown. >> jerry brown is just -- >> or the epa or -- >> i know. you've got plenty of companies leaving california. >> let me just ask you, is it the policies that california has created that allowed all of this innovation to...